14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM
Log in
Property

Another industrial cluster comes operational in Hanoi

The work is expected to transform Thanh Oai into a bustling commercial hub in southern Hanoi.

A groundbreaking ceremony was held on September 20 for the extension of Provincial Highway 429A and the Kim Bai Industrial Cluster, an activity to mark the 70th anniversary of the Liberation of the Capital.

 Delegates in attendance at the groundbreaking ceremony. Photos: Anh Ngoc/ The Hanoi Times

The upgraded 429A road will improve traffic flow from National Highway 21B to the left bank of Day River and the Ho Chi Minh National Highway, supporting economic growth in Thanh Oai and neighboring Ung Hoa District.

The Kim Bai Industrial Cluster, which covers 48.8 hectares and has an investment of VND1 trillion (US$41 million), aims to attract high-tech and clean production enterprises and relocate enterprises from artisan villages to reduce environmental pollution.

Speaking at the ceremony, Deputy Chairman of the Hanoi People's Committee Nguyen Manh Quyen urged the city departments and Thanh Oai District to facilitate the construction of the industrial cluster.

He requested the investor, Telin Group, to focus all resources on the timely construction of technical infrastructure as approved.

 Deputy Chairman of the Hanoi People's Committee Nguyen Manh Quyen.

Thanh Oai District Chairman Bui Van Sang said the Kim Bai Industrial Cluster will attract about 100 businesses and create 3,000 to 4,000 jobs once operational.

He added that in addition to Kim Bai, the district will have two other industrial zones covering 750 hectares, all equipped with logistics facilities. "Thanh Oai aims to become a vibrant commercial hub in southern Hanoi," he stressed.

To ensure the construction deadline, Sang urged investors to focus on quality and adhere to legal regulations. 

Nguyen Manh Quyen also highlighted that Kim Bai is the fourth of five planned industrial clusters, with the Thanh Van - Tan Uoc Industrial Cluster already approved for development. 

This year, Hanoi aims to inaugurate 15-20 industrial clusters and establish and expand 10-15 more, according to the investment plan of the Hanoi People's Committee.

By 2030, the city plans to have 159 industrial clusters covering 3,204 hectares, expand five existing clusters from 2017-2020 by 45 hectares, and build 21 new clusters totaling 536 hectares.

 Overview of the 49-hectare Kim Bai Industrial Cluster.
Reactions:
Share:
Trending
Most Viewed
Related news
Tet renovation rush strains Hanoi crews, lifts finishing material costs prices

Tet renovation rush strains Hanoi crews, lifts finishing material costs prices

Hanoi’s home renovation market has entered its busiest stretch of the year, as year-end demand tightens contractor availability and raises the cost of finishing materials.

Vietnam construction materials rebound as prices rise and public investment accelerates

Vietnam construction materials rebound as prices rise and public investment accelerates

Rising steel and cement prices, stronger public investment spending and improving consumption across key material segments point to a broad recovery in Vietnam’s construction materials sector as 2026 begins.

Hanoi sets 40 sq.m housing space goal to lift urban living standards

Hanoi sets 40 sq.m housing space goal to lift urban living standards

Raising average housing space marks a people-centered shift in urban policy as the capital works to improve living standards, expand social housing and ensure that rapid economic growth goes hand in hand with safer and more livable neighborhoods.

Prime Minister urges measures to boost supplies and control house prices

Prime Minister urges measures to boost supplies and control house prices

Vietnam’s government is stepping up efforts to rebalance the real estate market as Prime Minister Pham Minh Chinh urges faster policy action to expand housing supply, address affordability pressures and ensure the sector supports both economic stability and social welfare.

Ho Chi Minh City forms first professional association for apartment management

Ho Chi Minh City forms first professional association for apartment management

Amid rapid urban growth, Ho Chi Minh City has established a professional body for apartment management, becoming the first locality in Vietnam to do so.

Real estate credit surge prompts tighter oversight to safeguard Vietnam’s financial stability

Real estate credit surge prompts tighter oversight to safeguard Vietnam’s financial stability

Vietnam’s real estate sector has absorbed a sharp rise in credit, supporting market recovery while raising concerns over capital concentration, speculative risks and the need for tighter policy coordination.

Revised housing roadmap doubles social housing targets for Hanoi

Revised housing roadmap doubles social housing targets for Hanoi

Vietnam’s push to accelerate affordable housing has significantly raised expectations for major cities, with Hanoi now tasked with delivering a far larger volume of social homes as part of the national goal to build more than one million units by 2030.

Social housing supply exceeds targets in 2025 as Vietnam tackles property imbalances

Social housing supply exceeds targets in 2025 as Vietnam tackles property imbalances

Vietnam surpassed its social housing construction target in 2025, marking progress in housing policy, but supply mismatches, high prices and legal bottlenecks continue to weigh on the real estate market.